Logo-color Logo-white

Key Highlights Bitcoin price struggled to clear the $64,000 resistance zone. BTC faced hurdles near a key bearish trend line at $64,200 on the 4-hour chart. Oil prices rallied toward $78.80 before the bears appeared. EUR/USD is consolidating losses above the 1.0950 zone. Bitcoin Price Technical Analysis Bitcoin price started a decent upward move above […]

The post Bitcoin Price Facing Obstacles: Can Bulls Push Through? appeared first on Action Forex.

previous

Rising Treasury Yields Attract Dollar Interest

next

Elliott Wave Intraday View in GBPJPY Looking for Further Upside

Read More

29/07/2024

USD/JPY Looking for Direction

The Japanese yen continues to show volatility but has closed right where it started over the past few sessions. USD/JPY is trading at 153.65 in the European session, up 0.04% on the day. The yen is coming off an excellent week, surging 2.3% against the US dollar. We’re unlikely to see much movement from the […]
30/10/2024

GBP/USD Eyes Recovery: Can Bulls Turn The Tide?

Key Highlights GBP/USD started a consolidation phase near the 1.2950 zone. A key bearish trend line is forming with resistance at 1.2990 on the 4-hour chart. Bitcoin climbed further above the $71,500 resistance. Gold traded to a new all-time high above $2,765. GBP/USD Technical Analysis The British Pound remained in a bearish zone below 1.3120 […]
05/06/2024

USDCAD: Influence of Linear Regression Channel and BoC

Bullish Scenario: Buy above 1.3676 with TP1: 1.3699, TP2: 1.3720, and TP3: 1.3735, with an SL below 1.3665 or at least 1% of account capital. Apply trailing stop. Bearish Scenario: Sell below 1.3665 with TP1: 1.3623, with an SL above 1.3686 or at least 1% of account capital. Fundamental Analysis The BoC has maintained its […]